Groenlandsbanken AS (GRLA) - Net Assets

Latest as of December 2025: Dkr1.60 Billion DKK ≈ $250.18 Million USD

Based on the latest financial reports, Groenlandsbanken AS (GRLA) has net assets worth Dkr1.60 Billion DKK (≈ $250.18 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Dkr10.97 Billion ≈ $1.72 Billion USD) and total liabilities (Dkr9.38 Billion ≈ $1.47 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check tangible net worth ratio of Groenlandsbanken AS to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Dkr1.60 Billion
% of Total Assets	14.57%
Annual Growth Rate	4.58%
5-Year Change	26.11%
10-Year Change	72.64%
Growth Volatility	4.7

Groenlandsbanken AS - Net Assets Trend (2000–2025)

This chart illustrates how Groenlandsbanken AS's net assets have evolved over time, based on quarterly financial data. See GRLA defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Groenlandsbanken AS (2000–2025)

The table below shows the annual net assets of Groenlandsbanken AS from 2000 to 2025. For live valuation and market cap data, see GRLA market cap.

Year	Net Assets	Change
2025-12-31	Dkr1.60 Billion ≈ $250.18 Million	+0.34%
2024-12-31	Dkr1.59 Billion ≈ $249.33 Million	+7.74%
2023-12-31	Dkr1.48 Billion ≈ $231.42 Million	+12.17%
2022-12-31	Dkr1.32 Billion ≈ $206.30 Million	+4.00%
2021-12-31	Dkr1.27 Billion ≈ $198.37 Million	+7.73%
2020-12-31	Dkr1.18 Billion ≈ $184.14 Million	+9.21%
2019-12-31	Dkr1.08 Billion ≈ $168.61 Million	+7.86%
2018-12-31	Dkr999.16 Million ≈ $156.33 Million	+4.25%
2017-12-31	Dkr958.46 Million ≈ $149.96 Million	+3.48%
2016-12-31	Dkr926.21 Million ≈ $144.91 Million	+1.30%
2015-12-31	Dkr914.28 Million ≈ $143.05 Million	+0.48%
2014-12-31	Dkr909.87 Million ≈ $142.36 Million	+3.84%
2013-12-31	Dkr876.24 Million ≈ $137.09 Million	+2.97%
2012-12-31	Dkr850.95 Million ≈ $133.14 Million	+7.46%
2011-12-31	Dkr791.91 Million ≈ $123.90 Million	+4.42%
2010-12-31	Dkr758.38 Million ≈ $118.65 Million	+9.23%
2009-12-31	Dkr694.28 Million ≈ $108.63 Million	+10.87%
2008-12-31	Dkr626.22 Million ≈ $97.98 Million	-3.58%
2007-12-31	Dkr649.46 Million ≈ $101.61 Million	+0.12%
2006-12-31	Dkr648.72 Million ≈ $101.50 Million	+3.51%
2005-12-31	Dkr626.71 Million ≈ $98.05 Million	+17.52%
2004-12-31	Dkr533.30 Million ≈ $83.44 Million	+0.20%
2003-12-31	Dkr532.24 Million ≈ $83.27 Million	+0.27%
2002-12-31	Dkr530.80 Million ≈ $83.05 Million	+2.09%
2001-12-31	Dkr519.95 Million ≈ $81.35 Million	-0.33%
2000-12-31	Dkr521.64 Million ≈ $81.61 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Groenlandsbanken AS's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 263.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	Dkr1.20 Billion	75.04%
Common Stock	Dkr180.00 Million	11.26%
Other Comprehensive Income	Dkr219.07 Million	13.70%
Total Equity	Dkr1.60 Billion	100.00%

Groenlandsbanken AS Competitors by Market Cap

The table below lists competitors of Groenlandsbanken AS ranked by their market capitalization.

Company	Market Cap
Kina Securities Ltd AU:KSL	$278.81 Million
Nacity Property Service Co Ltd SHG:603506	$278.90 Million
Chengdu Shengbang Seals Co.Ltd. SHE:301233	$278.95 Million
Surya Permata Andalan Tbk PT JK:NATO	$278.96 Million
American Bitcoin Corp NASDAQ:ABTC	$278.79 Million
Baiyang Aquatic Group Inc SHE:002696	$278.78 Million
Nano Dimension Ltd NASDAQ:NNDM	$278.70 Million
Jouder Precision Industry Kunshan Co Ltd SHE:300549	$278.63 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Groenlandsbanken AS's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,593,622,000 to 1,599,024,000, a change of 5,402,000 (0.3%).
Net income of 180,853,000 contributed positively to equity growth.
Dividend payments of 180,000,000 reduced retained earnings.
Other comprehensive income increased equity by 219,069,000.
Other factors decreased equity by 214,520,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Dkr180.85 Million	+11.31%
Dividends Paid	Dkr180.00 Million	-11.26%
Other Comprehensive Income	Dkr219.07 Million	+13.7%
Other Changes	Dkr-214.52 Million	-13.42%
Total Change	Dkr-	0.34%

Book Value vs Market Value Analysis

This analysis compares Groenlandsbanken AS's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.11x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 3.36x to 1.11x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2002-12-31	Dkr294.89	Dkr990.00	x
2003-12-31	Dkr295.69	Dkr990.00	x
2004-12-31	Dkr296.28	Dkr990.00	x
2005-12-31	Dkr348.17	Dkr990.00	x
2006-12-31	Dkr360.40	Dkr990.00	x
2007-12-31	Dkr360.81	Dkr990.00	x
2008-12-31	Dkr348.18	Dkr990.00	x
2009-12-31	Dkr386.28	Dkr990.00	x
2010-12-31	Dkr424.55	Dkr990.00	x
2011-12-31	Dkr440.96	Dkr990.00	x
2012-12-31	Dkr472.20	Dkr990.00	x
2013-12-31	Dkr486.74	Dkr990.00	x
2014-12-31	Dkr505.39	Dkr990.00	x
2015-12-31	Dkr507.89	Dkr990.00	x
2016-12-31	Dkr514.62	Dkr990.00	x
2017-12-31	Dkr533.01	Dkr990.00	x
2018-12-31	Dkr554.93	Dkr990.00	x
2019-12-31	Dkr598.71	Dkr990.00	x
2020-12-31	Dkr653.84	Dkr990.00	x
2021-12-31	Dkr704.40	Dkr990.00	x
2022-12-31	Dkr732.55	Dkr990.00	x
2023-12-31	Dkr821.74	Dkr990.00	x
2024-12-31	Dkr885.22	Dkr990.00	x
2025-12-31	Dkr888.35	Dkr990.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Groenlandsbanken AS utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 11.31%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 35.51%
• Asset Turnover: 0.05x
• Equity Multiplier: 6.86x
Recent ROE (11.31%) is above the historical average (10.14%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	12.23%	27.33%	0.07x	6.29x	Dkr11.61 Million
2002	13.91%	32.89%	0.06x	6.76x	Dkr20.77 Million
2003	12.11%	31.55%	0.07x	5.50x	Dkr11.22 Million
2004	7.63%	22.08%	0.06x	5.84x	Dkr-12.65 Million
2005	8.98%	25.64%	0.06x	5.52x	Dkr-6.41 Million
2006	10.37%	27.05%	0.07x	5.62x	Dkr2.40 Million
2007	12.01%	25.79%	0.07x	6.47x	Dkr13.04 Million
2008	7.78%	14.16%	0.08x	6.56x	Dkr-13.92 Million
2009	9.87%	22.79%	0.07x	5.97x	Dkr-875.40K
2010	8.80%	25.34%	0.06x	5.98x	Dkr-9.09 Million
2011	6.77%	20.45%	0.05x	6.08x	Dkr-25.59 Million
2012	10.86%	29.43%	0.07x	5.67x	Dkr7.35 Million
2013	9.62%	28.31%	0.06x	5.77x	Dkr-3.37 Million
2014	9.85%	28.00%	0.07x	5.33x	Dkr-1.33 Million
2015	7.95%	25.61%	0.05x	6.39x	Dkr-18.70 Million
2016	8.36%	27.50%	0.05x	6.38x	Dkr-15.23 Million
2017	9.44%	29.97%	0.06x	5.59x	Dkr-5.40 Million
2018	11.30%	36.14%	0.05x	6.17x	Dkr12.98 Million
2019	12.06%	39.31%	0.05x	6.58x	Dkr22.15 Million
2020	8.18%	30.81%	0.04x	6.32x	Dkr-21.46 Million
2021	10.48%	39.89%	0.05x	5.70x	Dkr6.04 Million
2022	7.49%	32.83%	0.04x	6.03x	Dkr-33.11 Million
2023	13.01%	33.85%	0.06x	5.98x	Dkr44.48 Million
2024	13.12%	33.65%	0.06x	6.29x	Dkr49.65 Million
2025	11.31%	35.51%	0.05x	6.86x	Dkr20.95 Million

Industry Comparison

This section compares Groenlandsbanken AS's net assets metrics with peer companies in the Banks - Regional industry.

Industry Context

Industry: Banks - Regional
Average net assets among peers: $13,262,057,444
Average return on equity (ROE) among peers: 5.79%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Groenlandsbanken AS (GRLA)	Dkr1.60 Billion	12.23%	5.86x	$278.81 Million
Danske Andelskassers Bank A/S (DAB)	$2.04 Billion	5.53%	5.51x	$582.81 Million
Danske Bank A/S (DANSKE)	$104.74 Billion	3.50%	29.68x	$44.11 Billion
Djurslands Bank (DJUR)	$1.77 Billion	13.94%	7.49x	$394.44 Million
Fynske Bank A/S (FYNBK)	$1.15 Billion	3.14%	6.09x	$222.97 Million
Hvidbjerg Bank (HVID)	$174.00 Million	8.47%	7.49x	$46.53 Million
Jyske Bank A/S (JYSK)	$6.66 Billion	0.00%	22.01x	$8.47 Billion
Kreditbanken A/S (KRE)	$163.25 Million	9.15%	5.19x	$215.79 Million
Laan & Spar Bank AS (LASP)	$2.42 Billion	8.38%	11.40x	$697.78 Million
Lollands Bank (LOLB)	$235.20 Million	0.02%	5.25x	$145.32 Million

About Groenlandsbanken AS

CO:GRLA Denmark Banks - Regional

Market Cap

$278.81 Million

Dkr1.78 Billion DKK

Market Cap Rank

#15278 Global

#61 in Denmark

Share Price

Dkr990.00

Change (1 day)

-1.00%

52-Week Range

Dkr760.00 - Dkr1200.00

All Time High

Dkr1200.00